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Image: Iraq Has $79 Billion Surplus — What's the US Deficit Again?

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First Buzzed By: Purple State

Iraq Has $79 Billion Surplus — What's the US Deficit Again?

Made Popular: Aug 6, 2008 - Thanks to rising oil prices, Iraq will enjoy a $79 billion surplus by the end of the year, according to a report requested by a bipartisan group of senators. While the US has spent $48 billion in American taxpayer money on Iraq's reconstruction since 2005, Iraq has spent only a fraction of its oil revenue on reconstruction projects. And, Iraq spent only 1 percent of its 2005-2007 budget to…

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